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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11350 Metro Pkwy Fort Myers, FL 33966-1295

    • Warehouses
    • 24,380 SF
    • 3.40 lot acres
    OFF-MARKET
    Last Sale
    Aug 13, 2024
    $12,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3876359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ASEA FORT MYERS / Hair Salon / Spa & Massage Center
    • Wood-2Art / Building Supply / Mill
    • Vend Co / Big Box & Wholesale Store
    • Bath Planet of SW Florida / Renovation Specialist / General Contractor
    • Clear Choice USA of SW Florida / Hardware & Home Improvement / Interior Design

    Property Details for 11350 Metro Pkwy

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.40 lot acres
    Property size
    24,380 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    07-45-25-02-00000.0010
    APU
    7452502000000010

    Description

    This exceptional Fort Myers industrial property, located at 11350 Metro Pkwy, 33966, offers a rare opportunity to lease a 5,304 square foot distribution space within the Metro Expo & Distribution Center. The property consists of two buildings totaling 43,476 square feet and was constructed in 1987. This particular unit features desirable dock-high loading, making it ideal for efficient logistics. Inside, you'll find two offices, two restrooms, and a convenient storage room, complemented by a bonus mezzanine level offering additional space. The concrete walls provide excellent temperature regulation, ensuring a comfortable work environment year-round. Modern amenities include bright LED lighting and a fully installed fire suppression system, prioritizing safety and efficiency. The property is zoned IL in Lee County, Florida. Currently occupied, scheduling a viewing is required. This is a single available space within a multi-tenant building. Don't miss this chance to secure a well-maintained, strategically located distribution space in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8541
    Latitude
    26.5778
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,776
    $658,679
    $2,909,095
    $3,567,774
    -
    $658,679
    $2,909,095
    $3,567,774

    Comparable in this City

    • Value Estimation
      $1,150,000
      12,000 SF

      6182 Idlewild St

      WAREHOUSE, STORAGE • 12,000 SF
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      View Details
    • Value Estimation
      $1,605,000
      17,550 SF

      10990 Metro Pkwy

      WAREHOUSE, STORAGE • 17,550 SF
      10990 Metro Pkwy, Fort Myers, FL 33966-1201
      View Details
    • Value Estimation
      $2,065,000
      14,671 SF

      11400 Metro Pkwy

      WAREHOUSE, STORAGE • 14,671 SF
      11400 Metro Pkwy, Fort Myers, FL 33966-1279
      View Details
    • Value Estimation
      $1,960,000
      18,705 SF

      12014 Metro Pkwy

      WAREHOUSE, STORAGE • 18,705 SF
      12014 Metro Pkwy, Fort Myers, FL 33966-8365
      View Details
    • Value Estimation
      $1,160,000
      7,975 SF

      6401 Metro Plantation Rd

      WAREHOUSE, STORAGE • 7,975 SF
      6401 Metro Plantation Rd, Fort Myers, FL 33966-1257
      View Details
    • Value Estimation
      $1,075,000
      7,561 SF

      6301 Topaz Ct

      WAREHOUSE, STORAGE • 7,561 SF
      6301 Topaz Ct, Fort Myers, FL 33966-8309
      View Details

    Similar Nearby for Sale

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      Fort Myers Industrial NNN Lease

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    • $4,300,000
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      Industrial Showroom/Warehouse on Metro Parkway

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    • New
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      Office and Warehouse Space

      4002 SF office/warehouse in Fort Myers, Florida.
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    • $3,300,000
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      NNN lease investment opportunity in central Fort Myers industrial corridor.
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    • $395,000
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      Fort Myers Commercial Condo

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    • Contact for pricing

      Flex Space/Industrial Buildings For Sale

      Two industrial buildings with flexible unit sizes available for sale.
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    Similar Nearby for Lease

    • $20 SF/Yr
      5,000 SF

      Industrial Warehouse with Outdoor Storage

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      Fort Myers Warehouse For Rent

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    • $16 SF/Yr
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    • $13 SF/Yr
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      Warehouse with Showroom and Office

      23,500 SF warehouse with showroom and office space for rent.
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    • $20 SF/Yr
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      Fort Myers Industrial Flex Space

      Industrial flex space for lease in Fort Myers, Florida.
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    • $16 SF/Yr
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      Secured Industrial Site For Rent

      Industrial property with outdoor storage and secured, fenced perimeter.
      6110 Idlewild St, Fort Myers, FL 33966
      View Details
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    Fort Myers, FL 33966-1295
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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